Investor Presentation Annual Results : FY 20-21 8th Jun 2021 Contents Page # 1 Overview of Engineers India Limited (“EIL”) 3 2 Track Record and Credentials 11 3 Financials and Order Book Overview 19 4 Major Order secured in FY 2020-21 31 5 Orders in hand and Outlook 36 2 1 Overview of Engineers India Limited (“EIL”) Company Background Marquee Projects India’s leading engineering consultancy & EPC company BPCL Refinery, Over 7000 assignments executed for projects worth over Kochi USD 200 Bn More than Five decades of experience on landmark projects Bina Refinery Significant track record across entire oil & gas value chain In-house and collaborative R&D (36 live patents) International presence : Middle East, Africa, South Asia & Panipat Naphtha Central Asia Cracker Unit Around 2,800 employees Zero debt company Guru Gobind Singh Focused diversification: Infrastructure, Strategic crude oil Refinery, Bathinda storage, Water & Waste Water Management, Fertilizer, Non- ferrous Metallurgy, Ports and LNG 4 Evolution & Key Milestones – Over 5 decades Wholly owned Commenced Expansion in Diversified into Commenced Buy back of EIL Government first Hydrocarbons Infrastructure services in sub- Shares in 2017 - INR of India (GoI) international value chain in 2001 surface crude 658 Cr company assignment storages (Vizag, Offshore Awarded first refinery Padur& Mangalore) consultancy project in Entered Pipelines in 2006 Mongolia under LOC Fertilizer and Onshore oil Successful FPO of funding in 2019 Non-ferrous and gas 3.36 Cr shares of metallurgical Rs. 5 each in 2010 Acquisition of sector minority stake in NRL in 2021 1965 1967 1969 1970-72 1975-78 1989 1997 2000 - 2010 2011-16 2017 -21 Incorporated Expansion to R&D centre in Listed on the Diversification into water pursuant to a Petrochem with Gurgaon BSE and NSE Overseas expansion in fertilizer formation IPCL (now agreement Reliance Process Accorded the Asset Ownership in Fertilizer between GoI Industries Ltd) Technologies Mini Ratna Largest overseas order from and Bechtel in Refining and status Nigeria Gas Processing Commenced Awarded the Navratna Status in work in 2015 refineries 20% stake offloaded by GoI (FPO/OFS) in 2016 5 Lines of Business Oil & Gas Petrochemicals & Metallurgy Oil and Gas Refinery Petrochemicals Mining and Processing Metallurgy Infrastructure Storages and Fertilizers Strategic Storage, Fertilizer Smart Cities & Urban Water and Waste Terminals and Pipelines Infrastructure Management 6 Service Offering - From Concept to Commissioning Process Design Engineering Procurement Pre-feasibility studies Residual engineering and FEED Supplier and contractor management Technology and licensor selection Detailed engineering Conceptual design & feasibility Engineering for procurement Expediting and inspection Process design package Engineering for construction Vendor development Project Management Commissioning Construction Management Pre-commissioning and Materials /warehouse management Quality assurance and health, Integrated project management commissioning assistance safety & environment services with focus on cost, Safety audit Progress monitoring/ Scheduling quality and schedule Hazard and operability studies Mechanical completion Risk analysis Site closure Specialized Services Certification Environment engineering Certification and re-certification Heat and mass transfer services Plant operations and safety EIL subsidiary – Certification management Engineers International Limited Specialist materials and (CEIL) maintenance services Third party inspection 7 Modes of Contracts Managed Consultancy Contracts Front-end Engineering & Design 1 2 for complete definition of scope Engineering, Procurement and FEED for selection of EPC contractor Construction Management Project Management EPCM Services 3 Consultancy Services for PMC managing EPC contractors Turnkey Contracts 1 LSTK Fixed price Lump Sum Turnkey Contracts …. also referred to as EPC contracts 2 Open book estimate - Also known as Cost plus contracts OBE Asset Ownership 1 JVC Acquisition of Assets through Equity Participation. 8 Technology at the forefront of Consultancy Services o R&D Center with multiple pilot and demo facilities at Gurugram o Developed more than 35 Process Technologies 36 live Patents, 31 patent applications filed Delayed Coking o & Vis- breaking Technology collaboration with Research Aromatic o Paraffin Wax Organizations of IOCL, BPCL, HPCL, GAIL and Extraction Research Institutes like CISR-IIP, CSIR- NCL, ICT, IITs EIL Process Technologies o >60% of process technologies in refineries Light Sulphur already indigenized Naphtha Recovery & Isomerization TGTU o Tremendous technology absorption capacity has been successfully demonstrated LPG Hydrogenation Sweetening (DHDT) o 100% Engineering indigenization in high tech domain of oil & gas achieved o Facilitating further development of indigenous capabilities through Start-up India (EngSUI)TM 9 Capital Investments – as on Q4 FY 20-21 Description Investment 1 Investment 2 Investment 3 Name Ramagundam Fertilizer NELP IX : Two Upstream Assets Minority stake in Project Numaligarh Refinery Ltd. (CB-ONN-2010 / 8) CB-ONN-2010 / 11 Implementing M/s Ramagundam M/s Bharat Petro M/s GAIL India Ltd. - agency Fertiliser & Chemical Resources Ltd. (BPRL) Ltd. JV Partners / NFL - 26%; EIL - 26%; BPRL – 25%, GAIL – BPRL – 25%, GAIL – 25%, EIL stake 4.37% Shareholding FCIL - 11%; GAIL- 25%, EIL – 20%, BFIL – 15%, 14.3%; EIL – 20%, BFIL – 20%, MIEL – 15% Telangana Govt - 11%; MIEL – 10% HTAS Consortium- 11.7% State Telengana Gujarat Gujarat Assam Size / Capacity / Urea: Exploration Acreage Exploration Acreage 3 MMTPA Refinery Area 3850 MTPD 42 Sq. Km. 131 Sq. Km. (Currently undergoing Ammonia: expansion to 9 MMTPA) 2200 MTPD Approximate Rs. 6120 Crores Rs. 300 Crores / USD 50 Million - project cost/ ( During Bidding Stage) investment at start Total Equity Rs. 448 Crores Rs. 100 Crores Rs 700 crores Investment (approx) Committed by EIL 10 2 Track record and Credentials Strong Track Record with diverse client base 89 Major Refinery Projects As of March 2021 incl 10 Green-field Projects 44 Oil & Gas 12 Major Petrochemical Projects Processing Projects 213 Offshore Projects including Process Platforms 50 Pipeline Projects 11 Fertiliser Projects BCPL BCIC 14 Ports & Storage 40 Infrastructure Terminals Projects 33 Mining & Metal Projects INDAL 24 Turnkey Projects Strategic Storages Power / Captive 3 Locations Power Projects 12 Leadership Position in Refineries & Petrochemicals in India Milestones HMEL Petro Plant Bongaigaon Petro. Plant 20 out of 23 Refineries in India Pata Petro. Plant 1&2 HMEL- GGSR Refinery have EIL Footprints Panipat Refinery PUNJAB Guwahati Refinery Installed 10 out of the 11 mega Mathura Refinery Bongaigaon Refinery Panipat Petro. Plant 1&2 petrochemical complexes in Koyali Refinery HARYANA Barauni Refinery India. UP ASSAM Vadinar Refinery BIHAR Digboi Refinery Built combined refining Baroda Petro. Plant Brahmaputra Petro. Plant capacity of more than 150 Gandhar Petro. Plant GUJARAT MP WB BCPL MMTPA (3 million BPD) in India Dahej Petro. Plant Numaligarh Refinery Bina Refinery Mumbai Refinery Haldia Petro. Plant Engineered 10 grass-root MAHAR- Haldia Refinery ASHTRA refineries. Mumbai Refinery ANDHRA Nagothane Petro. Plant PRADESH Visakh Refinery Forayed into new areas such as KARNATAKA Mangalore Refinery Tatipaka Refinery underground caverns for Kochi Refinery Manali Refinery storages Chart is Indicative only TN Kochi PDPP Petro. Plant Kerala Work in progress on Rajasthan Refinery Nagapattanam Refinery Mega Petrochemical Plant Refinery, West Coast and HMEL Cracker. 13 Increased Focus in Overseas Geographies Select Overseas Projects across various segments Sector Country Client Sector Country Client Refinery Nigeria Dangote Fertilizers Nigeria Indo Rama Refinery Bangladesh ERL Fertilizers Indonesia PAU Fertilizer Refinery Algeria Sonatrach Fertilizers Bangladesh BCIC Refinery Kenya KPRL Petronas Fertilizer Fertilizers Malaysia Refinery Angola Sonangol (Kedah) Sdn. Bhd. Refinery Oman Sohar Non Ferrous Bahrain ALBA *Recently EIL has completed DFR for Mongol Refinery Sector Country Client Sector Country Client LNG Algeria Sonatrach Oil & gas UAE NPCC, ADCO Petrochemicals UAE BOROUGE Pipelines UAE GASCO Petrochemicals Oman Orpic Pipelines UAE NPCC, ADCO Petrochemicals Iran NPC 14 EIL Manpower Resources Qualification Count Personnel Experience Graduates in Engineering 2072 11% Post Graduates in Engineering 265 21% Doctorates in Engineering 13 20% Total Personnel with Engineering 2350 Qualification (Technical Manpower) 48% Other Professionals 130 (MBA/MCA/CA/ICWA/CS) 0 to 10 10 to 20 20 to 30 30 & above Role Count • Average Age 40 years. Project Management and Control 350 • Average Attrition Rate < 1 % per year (Past 3 FYs) Engineering and Technology 1261 • Approx 12% are Female employees. Out of these Construction 631 73% are Technical. Commercial and Procurement 293 • 4.5 Million Man-hours are available annually in Company Mgmt, HR and Finance 279 EIL offices. Total 2814 • 1.5 Million Man-hours are available annually at various construction sites. As on 31st March 2021 15 Experienced Leadership: Executive Directors (as on 31st Mar 2021) Mr.R.K.Sabharwal More than 33 years of rich experience. Well conversant with various aspects of international trade, EXIM Director procedures, taxation, legal aspects etc. and has proven competence in systems development. (Commercial) and He has been involved